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Spot Gold Daily Chart – 21st May 2009

With the euro achieving its strongest level against the US dollar since January spot gold prices closed dramatically higher as investors begin to return to commodities not for a better return but also because of worries about future inflation.  In addition the inverse correlation between...

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Gold Spot Price – Gold Chart 8th May 2009

Yesterday’s strong move upwards in spot gold prices in the morning, failed to follow through in the afternoon and evening session as the spot gold market absorbed all the various items of fundamental news and investors took the opportunity to take some profits ahead of...

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Spot Gold – Daily Gold Prices 30th April 2009

Spot gold moved higher yesterday on the back of a weaker US dollar and a continued strengthening in crude oil prices, gaining $3.71 to settle at $894.31/oz, but failing to capitalise on the flight to quality, as equity markets strengthened, capping any gains in later...

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Spot Gold Prices – Gold Chart 22nd April 2009

Yesterday was indecisive from a technical perspective, providing little in the way of clues to the future direction of spot gold prices, ending the day with a failed attempt to move marginally higher and closing just on the 9 day moving average which has now...

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Spot Gold Price – Daily Chart 7th April 2009

Spot gold prices fell further again yesterday as suggested in yesterday’s market commentary, closing the day with a wide spread down bar, but more importantly penetrating the next level of support at $885.40, having touched an intra day low of $864.80. Indeed one of my...

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